Let’s starty with the following excerpts from Becket Adams’ article for CNBC (which is far from pro-Trump territory):
In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum.
The day started off with the payrolls report showing a gain of 223,000 in May, well above market expectations of 188,000, and the unemployment rate hitting an 18-year low of 3.8 percent (Ken Berwitz note: the last time it was lower than 3.8% was December, 1969).
Then, the ISM manufacturing index registered a 58.7 reading — representing the percentage of businesses that report expanding conditions — that also topped Wall Street estimates. Finally, the construction spending report showed a monthly gain of 1.8 percent, a full point higher than expectations.
Put together, the data helped fuel expectations that first-quarter growth of 2.2 percent will be the low-water point of 2018.
That, folks, is good news. In fact, let me amend my comment to say that is exciting, excellent, superb economic news.
Unless you happen to be a Democrat – especially one in a position of leadership, whose mental acuity – while clearly diminished – is still strong enough to realize that great economic news bodes well for the party in power.
With that in mind, here is the statement once and (she hopes) future Speaker Of The House Nancy Pelosi issued about the same economic data:
“May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch.
“Republicans’ cruel, cynical health care sabotage campaign is already spiking families’ premiums by double digits and pushing millions off their coverage, according to the nonpartisan CBO. Big Pharma continues to hoard the benefits of the GOP tax scam, using their handouts to further enrich executives and shareholders instead of lowering prescription drug costs for seniors and sick kids. At the same time, the President’s reckless policies are exploding gas prices, wiping out the few meager gains that some families should have received from the GOP tax scam, as wages remain stagnant.
“From day one, the White House and Republicans in Congress have sold out working and middle class families to further enrich the wealthy and big corporations shipping jobs overseas. Thanks to the massive windfall of the GOP tax scam, Wall Street and wealthy corporations are on track to spend $1 trillion on dividends and stock buybacks while simultaneously announcing tens of thousands of layoffs and shipping jobs overseas and refusing to raise workers’ wages.
“Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future. We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy. Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.”
Do those two descriptions look like they are talking about the same data?
More to the point: does anyone seriously think workers look on more jobs, lower taxes and higher wages as nothing more than a cynical scam to make rich people richer?
We’ll certainly find out in November, won’t we?